Kulicke and Soffa Industries (NASDAQ:KLIC) Rating Lowered to Sell at BidaskClub

BidaskClub cut shares of Kulicke and Soffa Industries (NASDAQ:KLIC) from a hold rating to a sell rating in a report published on Thursday, BidAskClub reports.

Several other equities analysts also recently weighed in on KLIC. ValuEngine upgraded shares of China Southern Airlines from a sell rating to a hold rating in a report on Tuesday, June 11th. Zacks Investment Research upgraded shares of HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. Finally, DA Davidson downgraded shares of Advanced Energy Industries from a buy rating to a neutral rating and cut their price target for the stock from $60.00 to $55.00 in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Kulicke and Soffa Industries currently has an average rating of Hold and a consensus target price of $27.20.

Shares of NASDAQ:KLIC opened at $21.67 on Thursday. Kulicke and Soffa Industries has a twelve month low of $17.40 and a twelve month high of $28.69. The stock has a 50 day simple moving average of $21.31. The company has a current ratio of 7.19, a quick ratio of 6.35 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.41 billion, a P/E ratio of 13.63, a PEG ratio of 3.06 and a beta of 1.35.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.06). Kulicke and Soffa Industries had a return on equity of 12.85% and a net margin of 12.91%. The business had revenue of $115.90 million during the quarter, compared to analyst estimates of $118.42 million. During the same quarter last year, the company posted $0.51 EPS. Kulicke and Soffa Industries’s quarterly revenue was down 47.7% compared to the same quarter last year. On average, research analysts anticipate that Kulicke and Soffa Industries will post 0.59 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.22%. Kulicke and Soffa Industries’s payout ratio is 19.75%.

In other news, Director Peter T. M. Kong acquired 10,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were acquired at an average price of $19.37 per share, with a total value of $193,700.00. Following the purchase, the director now directly owns 64,690 shares of the company’s stock, valued at $1,253,045.30. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. New Jersey Better Educational Savings Trust purchased a new position in Kulicke and Soffa Industries in the 2nd quarter valued at $338,000. Supplemental Annuity Collective Trust of NJ purchased a new position in shares of Kulicke and Soffa Industries during the 2nd quarter worth $451,000. WINTON GROUP Ltd purchased a new position in shares of Kulicke and Soffa Industries during the 2nd quarter worth $564,000. First Trust Advisors LP purchased a new position in shares of Kulicke and Soffa Industries during the 1st quarter worth $350,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Kulicke and Soffa Industries by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 4,282,897 shares of the semiconductor company’s stock worth $94,696,000 after acquiring an additional 99,817 shares during the period. 89.73% of the stock is currently owned by institutional investors and hedge funds.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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